Germany's BayWa says new US subsidy rules may hit renewable energy unit

Sept 23 (Reuters) - German agricultural supplies trader BayWa BYWGnx.DE said on Tuesday that new subsidy rules for renewable energy projects under U.S. President Donald Trump's tax and spending bill could lead to reduced earnings expectations for its U.S. business.

"As a result of the so-called "One Big Beautiful Bill Act", which significantly curtails the subsidies for renewable energies, BayWa r.e. AG is reviewing its long-term business planning and earnings expectations and may potentially revise them downwards," it said in a statement.

It will take several weeks to assess the extent of the potential impact on its wind and solar business as well as possible countermeasures, BayWa said.